Dollar General Market | Coastal GA

BACK TO LISTINGS

118 Ratcliff RD
Brunswick, GA

Price: $2,653,000

Cap: 6.40%

NOI: $169,752

Building Size: 10,640 SF

Lot Size: 1.34 AC

Investment Highlights

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS

• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.

• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.

• There are 5% rent increases in each of the five, 5-year option periods.

NEW CONSTRUCTION DG MARKET

• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.

• This store is scheduled to deliver in August 2024

INTERSTATE LOCATION (64,100 VPD)

• The Subject property is located at the intersection of Highway 82 (10,800 VPD) and Ratcliff Rd only 2 miles from Interstate 95 (64,100 VPD)

5 MILE POPULATION GROWTH IS 18.02%

• The 5 mile population is 11,238 with 18.02% growth.

• The average household income within a 5 mile radius is $86,312 which is superior to most Dollar General Locations.

ATTRACTIVE COASTAL GA | GATEWAY TO THE GOLDEN ISLES

• Brunswick is located on a harbor of the Atlantic Ocean approximately 70 miles North of Jacksonville, FL and 70 miles south of Savannah, GA.

• Brunswick is the second-largest urban area on the Georgia coast after Savannah and is the County seat of Glynn County.

• Located on the southeastern shore of the Atlantic Ocean, the Golden Isles is comprised of the city of Brunswick, Jekyll, St. Simons, Little St. Simon, and Sea Island.

• The area’s beaches, resorts, shops, and historic sites attract visitors from around the world. The Golden Isles support over 2.5 million tourists annually who contribute over $1.1 Billion to the economy per year.

• The Port of Brunswick is one of the nation’s most productive ports on the Atlantic Coast and is the sixth busiest automobile port in the country, employing over 11,000 people in the area.

• Brunswick is home to Gulfstream Aerospace, one of the world’s most recognized aircraft manufacturers.

• The area is also home to one of the most impressive medical hubs in the region, a well-established manufacturing base and a new four-year college.

INVESTMENT GRADE TENANT

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 20,000 locations and plans to open 800 stores in 2024.

• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.

Name

Phone

Email

Principal or Broker?